DealBook Online

Published: August 19, 2011

HEFTY FEE Google agreed to pay Motorola Mobility a $2.5 billion reverse termination fee if its proposed takeover fails to obtain antitrust clearance. This fee is about 20 percent of the $12.5 billion deal value and is significantly higher than the $375 million Motorola Mobility must pay Google if it accepts another bid.

Is there any chance that it will be paid? The Deal Professor says Google is making a statement that it won't have to pay the fee. STEVEN M. DAVIDOFF

DENIED Forest Laboratories defeated Carl C. Icahn in a closely watched proxy fight, as shareholders elected all 10 of the drug maker's board nominees on Thursday.

The company said in a news release that all 10 director nominees were elected by ''a significant margin,'' at least according to preliminary results. Its slate included three new director candidates. MICHAEL J. de la MERCED

In a letter sent on Wednesday to Ben S. Bernanke, the chairman of the Federal Reserve, Mr. Frank, Democrat of Massachusetts, urged the Fed to hold public hearings to examine the possible deal's impact on consumers and the economy. Mr. Frank asked the Fed to give the public at least two more months to weigh in on the acquisition. BEN PROTESS and MICHAEL J. de la MERCED

TOUGH JOB Bank of America has found a new executive to run its Legacy Asset Servicing division, home to tens of billions of dollars in soured mortgage assets and home loans that are delinquent or in default.

Ron Sturzenegger, who leads Bank of America Merrill Lynch's real estate, gaming and lodging team, will run the Legacy division, which was formed in February to help the bank put its long-running problems with bad mortgages behind it. NELSON D. SCHWARTZ